Sobal Corporation (JASDAQ:2186) announces a share repurchase program. Under the program, the company will repurchase 75,000 shares, representing 1.81% of the outstanding shares for ¥112.5 million. The purpose of the program is to enhance capital efficiency, implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until December 31, 2016. As of August 31, 2016, the company had 4,154,649 shares outstanding and 48,951 shares in treasury.